Sep 29, 2020 - BigBasket in talks with new investors for $350-400 million funding as Alibaba looks to cut its stake

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From the Editor's Desk

Is Employee Engagement A Painkiller Or A Vitamin?

Traditionally, companies have had to master the art of providing painkillers - healthcare, retirement benefits, additional well-being resources, etc. As we move into an altered working landscape, what new benefits might people want? Onsite gyms might have tempted people in the past, but demand is now growing for more practical support, especially as remote working is no longer a "vitamin" to be dangled in front of employees. Engagement cannot be demanded. But it can be motivated through the strategic and creative use of new and innovative perks and benefits. Or, what teams can view as "vitamins."

What could these vitamins look like? Perspectives from three companies in vastly different industries give teams food for thought.

Continued here


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Reliance says its $3.4 billion deal with Future Group ‘fully enforceable under Indian law’ despite Amazon winning an arbitration order
Reliance says its $3.4 billion deal with Future Group ‘fully enforceable under Indian law’ despite Amazon winning an arbitration order
It will be interesting to note that Ambani's trump card in this retail war will be his partnerships with the US technology companies. Facebook and Google hold stakes in Ambani's digital venture Jio Platforms Ltd (JPL)




Fashion, Furniture Brands Grab The VC Limelight In India’s D2C Space
Fashion, Furniture Brands Grab The VC Limelight In India’s D2C Space
Fashion emerged as the most funded category in D2C space with 57 unique brands and raising $ 836.1 Mn during 2014 to Q3 2020


No more scotch? India moves to ban imported goods at military shops
No more scotch? India moves to ban imported goods at military shops
The Oct. 19 internal order from the defence ministry, reviewed by Reuters, said that in future, 'procurement of direct imported items shall not be undertaken'.


Tablez plans to invest Rs 75 crore every year over next five years in India on expansion to 250 stores | The Plunge Daily
Tablez plans to invest Rs 75 crore every year over next five years in India on expansion to 250 stores | The Plunge Daily
Tablez India has plans to invest about Rs 75 crore every year on expansion of its retail footprint across the country in the next five years.


Ole to Flamboyance: Spanish brand Desigual makes India debut
Ole to Flamboyance: Spanish brand Desigual makes India debut
The Barcelona-based label, characterised by colourful patchwork, intense prints, graffiti art, asymmetry and bright colours, that has stores in over 72 countries, finally dropped anchor in India.


Flipkart to invest Rs 1,500 crore in Aditya Birla's Fashion Retail unit for 7.8% stake
Flipkart to invest Rs 1,500 crore in Aditya Birla's Fashion Retail unit for 7.8% stake
Walmart-owned Flipkart is set to buy a 7.8% stake in Aditya Birla's Pantaloons Fashion and Retail Ltd for a whopping ₹1,500 crore, the company said on Friday


French products removed from Kuwait retail co-ops over Prophet's cartoon
French products removed from Kuwait retail co-ops over Prophet's cartoon
Several co-ops on Sunday had cleared the shelves of items such as hair and beauty products made by French companies.


This digital payments startup is digitising rural India by converting kiranas into banks
This digital payments startup is digitising rural India by converting kiranas into banks
Ahmedabad-based startup Easy Pay has onboarded 500,000 retailers and its app Paisa Nikal has served more than 35 million people in rural India.


Phygital: Changing retail landscape during COVID-19
Phygital: Changing retail landscape during COVID-19
Leo Shastri - The phygital retail space combines the best of both worlds – the tactile satisfaction of physical retail and the intuitiveness of ecommerce., , Phygital, phygital eCommerce marketplace


Suitors get three days to bid for Debenhams
Suitors get three days to bid for Debenhams
Doubts about the future of Debenhams and its 12,000 workers are growing after suitors were given until the middle of this week to make a £300 million rescue bid for the department stores chain.


Amazon gets favourable ruling in Singapore; Future Group told not to proceed with Ambani deal
Amazon gets favourable ruling in Singapore; Future Group told not to proceed with Ambani deal
The Singapore International Arbitration Centre (SIAC) passed an interim order asking Future Group to hold its sell-out plans to Reliance Group and wait for the final judgment on the plea filed by Amazon. Amazon had filed an arbitration petition with SIAC claiming that Future Group breached the contract under which the US online giant took an indirect stake in their retail business in 2019.


Go green: Desk plants add a touch of serenity to Cantabil Retail India CFO's WFH routine
Go green: Desk plants add a touch of serenity to Cantabil Retail India CFO's WFH routine
When the WFH began, Shivendra Nigam took his desk planters home.


Ant IPO pricing was determined on Friday: Alibaba founder Jack Ma
Ant IPO pricing was determined on Friday: Alibaba founder Jack Ma
Backed by Chinese e-commerce giant Alibaba, Ant plans to list simultaneously in Hong Kong and on Shanghai's STAR Market in the coming weeks.


UK sees record Q3 retail sales growth in post-lockdown rebound
UK sees record Q3 retail sales growth in post-lockdown rebound
Retail sales volumes expanded by 1.5% in September alone and are 4.7% higher than a year earlier, the largest annual rise since April 2019 and above a..


China says looking into unfair competition on e-commerce platforms: Xinhua
China says looking into unfair competition on e-commerce platforms: Xinhua
The operation will run until December and will also look into areas such as live streaming, which has in the past two years become a popular sales cha..


E-commerce: Will e-pharmacies become the norm?
E-commerce: Will e-pharmacies become the norm?
Juilee Dandekar, Sector Expert - Healthcare, Business Research & Advisory, Aranca points out that e-pharmacies need to be aligned with the specific dynamics of the Indian market to make them more relevant to the Indian consumer


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